Meyer Burger continues to benefit from the very positive market environment in the solar industry and increases its guidance on net sales. For fiscal year 2010, Meyer Burger expects net sales to reach about CHF 800 million now. The increase is based on expected deliveries and sales recognition until the end of the current year.
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that it increases its guidance on net sales for fiscal year 2010. For the first half year of 2010, Meyer Burger achieved an increase in net sales of 67% to CHF 356.9 million. From today’s perspective, taking into account the expected deliveries and acceptances of machines by customers until the end of this year, the guidance on net sales for the entire year 2010 is increased from previously approximately CHF 730 million to approximately CHF 800 million (net sales achieved in the previous year CHF 420.9 million).
The order income from regions Asia and Europe remains very positive and as a result, Meyer Burger Group’s current order backlog has exceeded the level of CHF 1 billion for the first time. The fact that Meyer Burger benefits so much from the positive development in the solar industry is a confirmation of the company’s corporate strategy and its leading role as a Swiss Technology Group in photovoltaics.
Michel Hirschi, CFO of Meyer Burger Technology Ltd stated: “For the solar industry, the financing situation has returned to normal again for various large projects, which will substantially increase manufacturing capacities at solar cell producers in the years 2011-2013. Meyer Burger continues to succeed in concluding individual large orders in this environment. In addition, we also won important smaller customer orders. This altogether adds up to an excellent order backlog that gives us an ideal base for the start into fiscal year 2011.”
Further information
Werner Buchholz
Head of Corporate Communications
Tel +41 (0) 33 439 05 06
w.buchholz@meyerburger.ch
